[144] Autozi Internet Technology (Global) Ltd. SEC Filing

Rhea-AI Filing Summary

Autozi Internet Technology (Global) Ltd. (AZI) has filed a Form 144 indicating that insider Hui H. Zhang plans to sell up to 104,262 Class A common shares through broker Futu Securities International (Hong Kong) Ltd. on or about 25 June 2025. The proposed sale represents roughly 0.086 % of the company’s 121.38 million shares outstanding and is valued at approximately $28,359 (implied price ≈ $0.27 per share).

The shares were acquired on 31 Dec 2024 via the company’s employee stock ownership plan registered under an S-8 filing. The seller has already disposed of 24,309 shares over the past three months for total gross proceeds of ≈ $15,543, suggesting an ongoing divestiture program.

Key details

• Issuer listed on NASDAQ; security class: Class A common.
• Broker address: 34/F United Centre, 95 Queensway, Admiralty, Hong Kong.
• No material adverse, undisclosed information is claimed by the filer, as required under Rule 144.

While insider selling can sometimes signal reduced confidence, the transaction size is immaterial relative to float and market capitalization. Nonetheless, investors may monitor if further sales follow or if additional executives file similar notices.

Positive

• Transaction is immaterial at just 0.086 % of outstanding shares, limiting dilution or market overhang concerns.
• Filing demonstrates regulatory compliance under Rule 144, reflecting transparency.

Negative

• Continued insider selling (over 24 k shares in prior three months) may be perceived negatively by some investors.
• Low absolute dollar value and penny-stock trading range mean even small sales can pressure liquidity-constrained shares.

Insights

Securities Analyst

TL;DR: Small insider sale (<0.1% float) unlikely to move AZI shares materially.

The 104 k-share Form 144 equates to roughly 0.09 % of outstanding stock and a market value under $30 k, indicating limited direct market impact. Coupled with prior 24 k-share sales, the insider’s total 2025 disposals remain modest. Such sales may simply reflect portfolio diversification or tax planning rather than negative outlook. The low per-share price (~$0.27) suggests AZI trades at a penny-stock range where liquidity is thin; even small blocks can pressure price intraday, but structural valuation should remain unchanged. Overall impact is neutral unless a trend of broader insider selling emerges.

Corporate Governance Expert

TL;DR: Filing shows compliance; transaction too small to raise governance red flags.

Management’s adherence to Rule 144 disclosure demonstrates procedural transparency. The form confirms the seller does not possess undisclosed material information, and the shares were legitimately earned through the ESOP. Given the sale’s immaterial percentage and routine broker route, there is no immediate governance concern. However, penny-stock status can magnify insider trades in market perception; continued monitoring of cumulative insider activity and any 10b5-1 plans is advisable.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	Futu Securities International(Hong Kong) Ltd. 34/F, United Centre No. 95, Queensway Admiralty Sheung Wan, Hong Kong F4 000000	104262	28359.26	121381200	06/25/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	12/31/2024	Acquired pursuant to the Autozi Internet Technology (Global) Ltd. Employee Stock Ownership Plan under the S-8 Registration Statement filed on November 19.	Autozi Internet Technology (Global) Ltd.			128571	03/07/2025	Services rendered as an employee

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Hui H. Zhang Building B09,Intelligence Park No. 26 Yongtaizhuang North Road Haidian District, Beijing F4 100000	Class A Common Stock	04/08/2025	17509	13024.92
Hui H. Zhang Building B09,Intelligence Park No. 26 Yongtaizhuang North Road Haidian District, Beijing F4 100000	Class A Common Stock	05/28/2025	800	400.00
Hui H. Zhang Building B09,Intelligence Park No. 26 Yongtaizhuang North Road Haidian District, Beijing F4 100000	Class A Common Stock	05/29/2025	1000	473.00
Hui H. Zhang Building B09,Intelligence Park No. 26 Yongtaizhuang North Road Haidian District, Beijing F4 100000	Class A Common Stock	05/30/2025	1000	460.00
Hui H. Zhang Building B09,Intelligence Park No. 26 Yongtaizhuang North Road Haidian District, Beijing F4 100000	Class A Common Stock	06/17/2025	4000	1186.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many AZI shares are being registered for sale under this Form 144?

104,262 Class A common shares are proposed for sale.

What percentage of Autozi Internet Technology’s float does 104,262 shares represent?

Approximately 0.086 % of the 121.38 million shares outstanding.

When is the planned sale date for the AZI shares?

The filer lists an approximate sale date of 25 June 2025.

Who is the insider selling AZI shares and through which broker?

Insider Hui H. Zhang will sell via Futu Securities International (Hong Kong) Ltd.

How many shares has the insider already sold in the past 3 months?

A total of 24,309 shares were sold between 8 Apr 2025 and 17 Jun 2025.

What was the acquisition source of the shares being sold?

Shares were granted under the company’s Employee Stock Ownership Plan on 31 Dec 2024.